AGRICULTURAL FOUNDATION OF
CALIFORNIA STATE UNIVERSITY, FRESNO
Policy No. 4010
Incentive Policy
This policy is applicable to the following auxiliary corporations:
Agricultural Foundation
Association
Associated Students, Inc.
Athletic Corporation
Foundation
Programs for Children
REVISION RECORD
Date
Version
5/29/2009 New
Revision Description
Approved by Board of Governors
DOCUMENT CONTROL
Approved By:
Date Approved:
Next Review Date:
Board of Governors
5/29/2009
January 2010
Responsible Position(s):
Affected Units:
Document Control Number:
Associate Vice President for Auxiliary Operations
All units, staff, and volunteers
Policy 4010
Incentive Policy
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Agricultural Foundation of California State University, Fresno
STATEMENT OF POLICY
1)
Subject to Board approval after completion and acceptance of the annual
audit, enterprises generating a net surplus of $1,000 or more as of June
30th of each year will earn 7% of the net surplus.
2)
In instances where an enterprise manager is responsible for more than
one enterprise (e.g. beef units, horse units), the combined performance of
all the units will be taken into account for calculation of the eligible
incentive.
3)
These discretionary funds can be used for various needs including the
operational efficiency of the enterprise, professional development
activities, travel, purchase of equipments, etc. All expenses must be
authorized and approved by the Director of Agricultural Operations in
accordance with existing procedures.
4)
These funds will be accounted for as “agency accounts” for each of the
enterprises. Funds not spent in one year can be carried forward to the
following fiscal year.
5)
However, if at fiscal year end, the Agricultural Foundation overall does not
generate a net surplus, the Board of Directors will determine annually if
those enterprises which generated a surplus for that fiscal year will be
entitled to earn the incentive funds in order to ensure fiscal viability of the
auxiliary organization.
IMPLEMENTATION
The Associate Vice President for Auxiliary Operations and Enterprise
Development or his/her designee, in accordance with the applicable auxiliary
corporation Management Services Agreement, has the authority to implement
this policy.
Incentive Policy
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Agricultural Foundation of California State University, Fresno